CONDOTEK AND MGIC LAUNCH ALL-IN-ONE CONDOMINIUM COMPLIANCE

PHILADELPHIA and MADISON, Wis., Nov. 2, 2023 /PRNewswire/ -- CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced the launch of a new All-In-One Condominium Compliance solution available through CondoTek. CondoTek's Condo Project Warrant (CPW) will now simultaneously validate condominium projects for MGIC underwriting compliance while still delivering validation for agency policies and guidelines. CPW Users will now quickly and effectively understand if a condominium project qualifies for Fannie Mae and or Freddie Mac financing and MGIC's private mortgage insurance products. As a value-add, the MGIC Compliance validation is delivered at no additional cost to CondoTek's CPW.

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